Daily fantasy sports giants FanDuel and DraftKings have temporarily banned employees from playing online fantasy sports for money. The ban comes after a controversy erupted during the past few days involving allegations of something akin to insider trading. I covered that here, with much of that story repeated below to [Keep reading]
To the surprise of (hopefully) no one, hard-charging fantasy sports non-betting sites are suddenly embroiled in controversy that includes discussion of something akin to insider trading. While there is no evidence of anything fraudulent occurring, the incident has shined a bright light on a potential lack of transparency and external [Keep reading]
It’s getting more expensive to park and access your own money, but you probably knew that. Bankrate.com’s annual survey of checking account fees came out Monday, revealing that the average cost for withdrawing money from a not-your-bank ATM has risen to $4.52, a record. Some checking account fees are up, too, [Keep reading]
I know in-flight Wi-Fi prices have increased recently, but $300 for one cross-country round trip? That’s essentially what Gogo Inc. charged me recently. And I don’t want that happening to you. If you’ve ever used Wi-Fi on an airplane, check your credit card bills. Now. The firm that dominates the U.S. [Keep reading]
In the annals of what I like to call “Dear John Data Loss Letters,” this one takes the cake. “Experian North America today announced that one of its business units, notably not its consumer credit bureau, experienced an unauthorized acquisition of information from a server that contained data on behalf [Keep reading]
I hate when Gotcha Capitalism wins, and you do too. But it happens all the time, because markets fail, and when they do bad operators win, and companies trying to be honest are penalized. That’s not a free market, that’s a free-for-all market. It’s terrible for everyone — consumers, businesses, [Keep reading]
Credit cards with magnetic stripes are being eliminated in favor of cards with fraud-fighting computer chips. Here are all the details you need to know as a cardholder. Why is Oct. 1 important? Banks and merchants have been inching toward the magnetic-to-chip transition for a long time. New rules take [Keep reading]
I’m really sad about Yogi Berra’s passing. You already know the long list of wonderful things about Yogi, so I won’t repeat them here. An extraordinary friend, husband, athlete, and businessman. What makes me most sad is that Lawrence Berra wasn’t really extraordinary at all. He was a downright ordinary human [Keep reading]
Bad guys are so much more nimble than good guys that they have a two-month head start in most hacking situations, a new report has found. Meanwhile, software flaws that are even a decade old continue to be used to hack hundreds of thousands of computers, according to Kenna Security. [Keep reading]
There are many reasons a monthly student loan payment might increase — but from $200 to $1,400 in a single month? That seems like cruel and unusual punishment — but that’s exactly what one consumer told federal regulators happened because of a paperwork delay. (This story first appeared on Credit.com. Read it [Keep reading]
Bob Sullivan